Vietnam aims to increase the proportion of renewable electricity production, including hydropower, to 30-39 per cent of total commercial electricity. Consequently, when investing, it is crucial to evaluate energy storage requirements and forecast prices. According to a number of analysts, the research model by the Vietnam Initiative for Energy Transition (VIET) for forecasting energy storage demand and electricity pricing, which was announced on the afternoon of May 31, has wide applicability. The research conducted by VIET on energy storage systems yielded three significant findings. To accelerate the energy transition in a reliable and sustainable fashion, it is necessary to first increase the capacity of hydroelectric power sources and electricity storage. Secondly, to achieve the ambitious objective of the Just Energy Transition Partnership (JETP), it is advised to have at least 6GW of conserved hydroelectricity or other electricity storage systems to guarantee energy … [Read more...] about 40 per cent renewable energy target for Vietnam’s commercial power consumption
Renewable power
Vietnam needs to modify policies to foster offshore wind power
According to Electricity of Vietnam (EVN) deputy general director Nguyen Tai Anh, "It will be crucial to implement a swift legal framework on investment, building, and operating offshore wind power projects while simultaneously drawing in investment and enhancing the existing transportation system." "The urgent need is to alter the policy framework as well as regulations to effectively accomplish the defined goals," added Tai Anh, speaking at a conference hosted by EVN on June 1. According to international practice, bringing an offshore wind power project into action requires about 8–9 years of planning and execution. Some analysts predict that Vietnam will require a vigorous preparatory process with suitable regulations to expedite the implementation time to meet the target of 7GW of power from offshore wind by 2030. The German Development Agency's Energy Support Programme and Vietnam Energy Partnership Group (VEPG) gathered specialists to share their international knowledge … [Read more...] about Vietnam needs to modify policies to foster offshore wind power
Man steals power equipment, causing blackout in many parts of Vietnam’s Lao Cai
A 31-year-old man has been apprehended for stealing equipment and accessories at transformation stations, causing power outages in the entirety of Xuan Giao and Gia Phu Communes of Bao Thang District and Lao Cai City of the namesake northern mountainous province. Police in Bao Thang District have arrested Nguyen Van Tuyen, a resident in Xuan Giao Commune, Bao Thang District, for stealing assets, the Lao Cai police said on Friday. Thefts of power equipment and accessories were repeatedly reported at transformation stations of Lao Cai City Power Company and Vietnam Expressway Corporation in May, causing huge losses for the state, hindering production and business activities, and sparking public concerns. The local police later determined Nguyen Van Tuyen as the thief. He also admitted to having stolen power equipment and accessories three times in Xuan Giao Commune and sold them to have money for drugs and other expenses. According to the police, Tuyen is a drug addict and has … [Read more...] about Man steals power equipment, causing blackout in many parts of Vietnam’s Lao Cai
Hanoi suburbs struggle with power cuts
Residents in many Hanoi’s outlying districts are struggling with long power cuts amid the scorching hot weather. Hanoi is experiencing temperatures of up to 37-38 degrees centigrade and the city has had to cut power in many areas. On Thursday, lots of areas in Son Tay Town and the districts of Thach That, Chuong My and Quoc Oai suffered from a power cut from 10 am until midnight. Nguyen Van Hai from Thach That District’s Thach Hoa Commune said that her family had to come to a tourist site in Ba Vi District to escape the heat. Chu Mui’s family in Phung Xa Commune went to a water park in Quoc Oai to avoid the heat, but it was too crowded. So they decided to go to a shopping mall in Hanoi. People flocked to some roads in Thach That, Quoc Oai and Chuong My to enjoy the breeze. People in Thach That had to wait for electricity until midnight Thursday. Children went outside to escape the heat indoors A person slept on a hammock placed … [Read more...] about Hanoi suburbs struggle with power cuts
Sun Taxi inks deal with VinFast for 3,000 EVs
Sun Taxi Joint Stock Company on Thursday entered into a deal with Vietnamese carmaker VinFast to order 3,000 VF 5 Plus electric cars to offer taxi services using electric vehicles (EVs), aside from the former’s current fleet of fuel-powered units. The move is part of Sun Taxi’s strategy on green transition, business expansion, and service quality enhancement, thereby promoting the switch to green transport and supporting Vietnam’s ambitious goal of achieving net zero emissions by 2050. Sun Taxi plans to first launch electric taxi services in some central and Central Highlands provinces and cities in the country such as Quang Binh, Hue, Quang Ngai, Binh Dinh, Phu Yen, Gia Lai, and Kon Tum. By 2025, the company will offer the services using all 3,000 VinFast EVs across the country. Nguyen Duy Hung, board chairman of Sun Taxi, said EV adoption is an ongoing global trend, of which Vietnamese businesses should not stand outside. The taxi service provider, which has many … [Read more...] about Sun Taxi inks deal with VinFast for 3,000 EVs
1 dead, 2 hospitalized in northern Vietnam after sleeping in car with AC on
A 20-year-old girl was found dead, while her father and younger brother were hospitalized after sleeping in the family car with the air conditioner switched on during a blackout in Hai Phong City, northern Vietnam on Thursday evening. The fatal incident took place in Truong Son Town, An Lao District, a local official told Tuoi Tre (Youth) newspaper on Friday. When the power supply was restored in the area, a family member came to wake up the trio and found them lying unconscious in an old Toyota Camry, which was manufactured over 30 years ago. They were rushed to Kien An General Hospital where the daughter, Pham Minh H., was confirmed dead, while the father, Pham Van T., 49, and the son, Pham Ngoc K., 15, slipped into a coma. The father and the son are now out of danger. Doctors of the hospital warned that leaving the air conditioner on and the windows closed when a car is parked will result in the content of oxygen in the car dwindling and that of carbon monoxide … [Read more...] about 1 dead, 2 hospitalized in northern Vietnam after sleeping in car with AC on
Vinamilk receives BSI nod for carbon-neutrality efforts
Vietnam Dairy Products JSC (Vinamilk) has been validated as the first dairy company in Vietnam to have carbon-neutral factories and farms, according to the British Standard's Institution (BSI) PAS 2060 specifications that demonstrate carbon neutrality. Reducing emissions and greenhouse gas (GHG) emissions and transitioning to a net-zero standard in the dairy industry has proved to be an extremely difficult task, particularly for large-scale dairy farms. Nguyen Dinh Minh Tam, a representative of the BSI, said, "With its target of net zero by 2050, we expect Vinamilk to establish more facets of their business as carbon-neutral in the near future." Vinamilk's general director Mai Kieu Lien said, "Managing emissions and minimising our carbon footprint are among the company's core sustainable development initiatives. Presently, 13 Vinamilk farms and 10 of its factories have been completely outfitted with solar energy while promoting renewable energy sources such as biomass at the … [Read more...] about Vinamilk receives BSI nod for carbon-neutrality efforts
One dead, two critical after sleeping in car
A woman has died while her father and younger brother fell into a coma after they slept in the family's car on Thursday evening. The accident occurred in the northern city of Hai Phong's An Lao District on the evening of June 1 when Pham Minh Hang, 20, her younger brother Pham Ngoc Khanh, 15, and their father Pham Van Thuy, 49, came to sleep in a car in their garage after the power was cut in the area. As it was a very hot night, they decided to seek cool air sleeping in their car. Her mother, Le Thi Ly came to the car to call them as power returned at 3.15 am on June 2 to find all of them in a coma. The three were rushed to the Kien An District General Hospital but Hang was dead already. Her brother and father have improved. Many localities in the north are experiencing a severe heat wave with temperatures reaching 38-40 degrees Celsius. Power cuts have occurred in some areas. There was a power cut between 6 pm on June 1 until 3 am on June 2 in Truong Son Town. Local … [Read more...] about One dead, two critical after sleeping in car